The rupee’s slide show was accentuated by a record surge in crude oil prices, sustained outflow of foreign capital from India and a negative trend in domestic equity markets
Indian Rupees
Latest in Indian Rupees
dollar indian rupees
Indian rupee hits all-time low against USD on economic growth worries
The Indian rupee fell to 84.6075 per US dollar in early trading on Monday, weakening past its previous all-time low of 84.5075
currency market
India rupee sinks against US dollar, highest drop among Asian currencies so far this year
On August 25, the rupee traded at 83.84 against the dollar, a record low for the Indian currency
FDI
India mulls allowing foreign investors to raise rupee capital for overseas investments: Report
The move is in line with this year’s budget proposal to simplify India’s FDI norms to promote the use of the domestic currency for overseas investments
currency exchange
Indian rupee slips to all-time low of 83.80 against US dollar in early trade
The dollar index, which measures the value of the US dollar relative to a basket of foreign currencies, fell toward 103 on Monday, marking its lowest level in 20 weeks
Indian Rupees
Indian rupee plummets to record low of INR83.57 against US dollar
Most Asian currencies slipped on Tuesday, with the Korean won, down 0.2 percent, leading losses
Bombay Stock Exchange
Indian stock market crashes 800 points, Sensex sees straight sixth losing session
The Indian rupee continued its three-day decline, losing 6 paise to trade at 83.23 against the US dollar during early trading on Thursday
GDP growth
India economic growth seen stuck in low gear: Reuters poll
The poll also showed inflation in the South Asian country will remain elevated despite recent interest rate hikes
GDP growth
India economy to grow 6.4% this year
India’s GDP will grow by 6.4% this year and 6.7% next year, says the Asian Development Bank
currency
Indian rupee predicted to see sharp fall in first quarter to almost 85 per US dollar
The plunge in rupee value is expected to trigger a major spike in remittances by Gulf-based non-resident Indians in the coming months
bilateral cooperation
India in trade talks with UAE, Saudi Arabia, plans new ‘Vostro’ bank accounts: Officials
A senior official who was part of the Monday meeting said the UAE and Saudi Arabia are keen to start local currency-pegged trade with India
currency crisis
Indian rupee slips to an all-time low against US dollar
The rupee is currently at 82.80 on Friday, but is expected to go well below 83
currency crisis
Rout in rupee continues, Indian currency plunging to record low of 82.70 against US dollar on Monday
Currency market experts predict further weakening of rupee in near-term basis due to anticipation of aggressive tightening by the US Federal Reserve and predictions of crude prices ending this week with major gains
expat remittances
Indian rupee falls to all time low on Thursday, plunging to 80.73 against US dollar
The fresh fall in rupee value has triggered expectations of another round of spike in remittances by expat Indians, especially from the Gulf region, to India
air travel
Air travel between India and Middle East to cost more as Indian carriers plan steep hike in airfares
Move follows a 16 percent increase in aviation turbine fuel (ATF) prices in India on Thursday – the 10th straight increase in 2022. Sinking rupee value also adds to the Indian carriers’ operating costs, as many of their costs are dollar-linked
currency market
Plunge in rupee value to push up remittances from Gulf-based expat Indians
Rupee was trading at 78.05 INR to US dollar and 21.25 INR against AED in the early trading hours on Tuesday
Anarock Group
Weak rupee, price discounts lure Gulf-based expat Indians to Indian property market in large numbers
Eagerness to own a house back home in the wake of the pandemic-induced uncertainties is also adding to the current demand spike from NRI buyers